On the interbank exchange, the rupee opened at 79.84 against the dollar and then fell to 79.87, registering a 4 paise decline during the last close.
On Tuesday, the rupee rose 1 paisa to settle at 79.83 against the dollar.
The dollar index, which measures the dollar’s strength against a basket of six currencies, rose 0.11% to 108.74.
The dollar is supported by aggressive comments from
Iyer added that most Asian and emerging markets remained weak Wednesday morning and could weigh on sentiment.
Meanwhile, the global oil benchmark Brent oil futures fell 0.46 percent to $99.76 a barrel.
On the domestic stock market front, the 30 shares
Foreign institutional investors became net buyers in the capital market on Tuesday when they bought shares worth Rs 563.00 crore, according to stock market data.
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